The UK Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges. Those are the UK-based digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini. Archax Regulated By The FCA As announced yesterday, the UK Archax platform became the “first-ever FCA regulated digital securities exchange and custodian” in the country....Read More
Ethereum‘s price fell below $415 recently, and in doing so, it took the crypto-asset lesser time than it took when it was looking to climb that elusive range. While the crypto-asset was back above $400 at the time of writing, the latest price collapse in ETH’s value was far from surprising. Only a week ago,...Read More
Hackers pulled off a successful ransomware attack on COVID-19 researchers from the University of California in San Francisco and received 116 bitcoins. Now, recently surfaced transcripts reveal how the entire operation played out. Phase One: The Hack Although the name of the group was initially a mystery, the Bloomberg report said that the organization had...Read More
[Featured content] The cryptocurrency space has come a long way in the past couple of years. There is a myriad of services that various companies offer, bridging the gap between digital assets and traditional financial markets. One particular field, the interest for which has skyrocketed recently are cryptocurrency-backed fiat loans. In essence, people can now...Read More
CEO and Founder of BlockFi, Zac Prince, announced that his company had closed a Series C funding round for $50 million. As part of the investment round led by Anthony “Pomp” Pompliano’s Morgan Creek Digital, Pomp will join BlockFi’s board of directors. BlockFi Raised $50M Prince initially announced the fundraising in Pompliano’s latest podcast episode...Read More
After having remained below the $10k-mark for a long time, Bitcoin’s price was able to overcome the resistance, before briefly surging past $12k recently. While Bitcoin did note a minor correction on the charts over the last few days, the coin’s price action remained promising. At the start of the year, most commentators had agreed...Read More
Starting today, Coinbase supports Numeraire (NMR) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store NMR. NMR is available in all Coinbase-supported regions with the exception of New York State. NMR trading is also supported on Coinbase Pro. Numeraire (NMR) Numeraire (NMR) is...Read More
Although not by a lot, both Binance coin [BNB] and Ethereum Classic [ETC] were showing small bullish potential, at the time of writing. However, it was too late for VeChain due to the formation of a bearish divergence. Binance Coin [BNB] Source: BNBUSD on TradingView Binance’s native coin on its native blockchain has had a...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving patterns in Chainlink’s long-term market and its impact on the price At the time of writing, the crypto-market had begun correcting, with many of the market’s major cryptos dropping in value over the past couple of days. Chainlink [LINK], while it managed to...Read More
Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high. Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum. Tether Moving 1 Billion USDT to Ethereum Earlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that...Read More
Bitcoin has emerged to become synonymous with cryptocurrencies, especially to people who are new to the field. Often on introduction to Bitcoin, there have been many direct comparisons with traditional assets and precious metals. After nearly a decade of existence, Bitcoin seems to be proving itself to be a safe-haven asset. However, shouldn’t it be...Read More
Ethereum dropped since hitting the 2-year high at $438 over the weekend to reach $413. The coin spiked beneath $400 yesterday but found reliable support at $396. Against Bitcoin, Ethereum dropped from the 0.0371 BTC resistance to reach support at 0.0347 BTC (.236 Fib Retracement). ETH/USD: Momentum Reaches A Period Of Indecision Key Support Levels:...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is strictly the opinion of the writer. These findings should materialize within the next 24-48 hours. Bitcoin rejoiced when it breached $12,000 to touch $12,400. However, such relief was very short-lived as soon, a massive correction of $1000 pulled...Read More
Early traders of Polkadot’s new DOT token have come in for an unfortunate surprise, as two prominent exchanges decided to list the token ahead of its “redenomination” despite warnings from the project. The redenomination, due to take place on August 21, will see the new DOT denominated at one-hundredth of the value of the DOT...Read More
Tezos is being given a lot of attention lately by a specific few traders, most of whom expect huge returns, very much like LINK. In fact, this optimism is not misplaced, but is backed by XTZ and LINK’s lack of correlation with Bitcoin, the world’s most dominant cryptocurrency. Regardless, XTZ does have some potential for...Read More
The price volatility that emerged in the market towards late-July seemed to have paved the way for a variation of an altseason. While the market’s small-cap crypto assets were outperforming everyone else, mid-cap assets were not far behind on the charts. Tron [TRX] Source: TRX/USD on TradingView The Tron Foundation recently released its decentralized swap...Read More
The global crypto market continues to slide today as another $11 billion pours out. This exodus of investment has now kicked Bitcoin outside of the rising channel that it’s been tracking inside of (mostly) for the past 22 days. What was acting as reliable support has now flipped into a strong resistance level and could...Read More
As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market. 1 YFI = 1.15 BTC According to data on Binance, the DeFi token is trading...Read More
The value of Bitcoin was noting a surge of 62% in YTD, with the world’s largest digital asset being traded at $11,767, at the time of writing. With the cryptocurrency climbing on the charts, it has grabbed the attention of investors and traders across the board, many of whom are expecting a major bull run...Read More
High yields are the reason why so many investors are switching to staking. However, with traditional PoS coins, attractive rewards come at the price of high volatility. Stablecoin USDN proposes an efficient solution with its combination of decentralized staking at 8-15% a year and a stable USD price peg. Yield and safety: what matters most...Read More
Cake DeFi Joins ACCESS, Hires General Counsel & Head of Compliance Cake DeFi, the most transparent platform to put your cryptocurrencies to work, has recently announced its participation in The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS), an industry group comprising over 400 crypto and blockchain-related businesses allowing Cake to have a better knowledge...Read More
Paris Hilton, a businesswoman, model, singer, and heiress to the Hilton Hotel chain has successfully sold in an auction a picture of her cat as a non-fungible token on an Ethereum-based platform for 40 ETH. While employing the same platform to auction off a picture of his own, Ashton Kutcher burned the paper copy to...Read More
The DeFi space continues to amaze. Last week, the field was taken by a storm by an experimental protocol called YAM that attracted about $600 million in total value locked in less than two days. Now, despite YAM’s downfall, investors are putting big money in another meme protocol called Spaghetti Money to farm its native...Read More
The past few days have seen the price of Bitcoin undergo yet another correction on the charts, one resulting in the world’s largest cryptocurrency’s value dropping by over 7 percent. While Bitcoin continues to stay afloat over its $11k resistance, the altcoin market has not been immune to the former’s price movement. During the past...Read More
[Featured content] Cryptocurrency storage is one of the building blocks and paramount points of consideration for anyone who’s getting involved in the industry. Safekeeping assets is of utmost importance, and as such, picking the solution to do it through remains a decision that needs careful evaluation. CryptX is a digital wallet that claims to provide...Read More
Bitcoin has further declined to $11,750, while most of the larger-cap altcoins continue to bleed out with Ethereum close to testing $400. Lower-cap alts chart some notable performances in both directions. Bitcoin Dips To $11,750 The primary cryptocurrency attracted the community’s attention a few days ago when it reached a new yearly high of over...Read More
Ripple Foundation with CEO Brad Garlinghouse believe in the future of cryptocurrency, so we make the largest airdrop on history for 100,00,000 XRP – Visit: www.xrpgirft.org Yeah, that’s how the latest “XRP giveaway” introduces itself. Like many in the past, the latest XRP giveaway scam on YouTube claims to be genuine, with its ‘live stream’...Read More
